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acquisition

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Main Owners Increase Share in Waberer's International

D&T
Nov 19, 2022

Following a tender offer procedure that closed on Friday, Waberer's International's two main shareholders, MHB Optimum Plc. and High Yield Vagyonkezelő [Property Management] Plc., have acquired 8.4% of the transport company Waberer's shares, Waberer's announced on the Budapest Stock Exchange's website. The Offerors are obliged to carry out the financial settlement in respect of the […]

ALTEO Acquires Solar Power Company

D&T
Jul 20, 2022

The Hungarian energy company ALTEO Plc. has announced on the website of the Budapest Stock Exchange that as buyer, it has concluded a quota purchase agreement for the acquisition of the registered capital representing the entirety of the business interest in EDELYN SOLAR Ltd. (‘target company’) amounting to forints HUF 3,000,000 (three million) from individuals, […]

OTP Bank: Another Step in its Albanian Acquisition

D&T
Jul 18, 2022

Hungary's OTP Bank Plc. has announced on the website of the Budapest Stock Exchange that the financial completion of the transaction to purchase 100% shareholding of Alpha Bank Albania SH.A., the Albanian subsidiary of the Alpha Bank Group was completed on July 18, 2022, based on the share sale and purchase agreement concluded between OTP […]

Tech: the Driving Force Behind Acquisitions in Hungary

D&T
May 13, 2022

The technology sector remains the most popular investment destination in Hungary in 2021. Meanwhile, an increasing proportion of Hungarian companies are expanding abroad, according to a survey by the financial markets consultancy firm Ernst & Young (EY). In the past year, 132 deals worth a total of USD 4.64 billion were announced in Hungary. The […]

AutoWallis to Acquire Most Modern Car Dealership

D&T
Mar 16, 2021

AutoWallis has announced it will gain possession of one of the largest and most modern BMW dealerships in Central and Eastern Europe, housed in a building boasting unparalleled architectural solutions. Having concluded an agreement on the acquisition of DALP Ltd., the company owning the property at 95 Hungária körút in Budapest, AutoWallis Plc., will be […]

Czech Acquisition by Hungarian Electricity Company MVM

D&T
Oct 31, 2020

Following approval by the European Commission, Hungary's MVM Co. Ltd. has acquired the 100% ownership of innogy Česká republika a.s. A statement by MVM Group points out that MVM Co. Ltd. has acquired the largest natural gas trader in the Czech Republic, which is increasingly present in electricity trading market as well. The Czech company […]

Iniciál Autó service station

AutoWallis Acquires Iniciál Autóház

D&T
Jul 5, 2020

As a new step in the cooperation established last year with Iniciál Group, having 25 years of experiences in car trade, AutoWallis acquires 40% stake of Iniciál Autóház Ltd., the dominant car dealer in West Hungarian region, engaged in selling and servicing seven car brands. According to the agreement, AutoWallis Plc. will acquire 40% stake […]

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